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Euro zone fiscal policy must not clash with ECB monetary policy, Eurogroup head says

BY Reuters | ECONOMIC | 05:27 AM EDT

NICOSIA, May 22 (Reuters) - Fiscal support measures by euro zone governments that ease the pain of high energy prices should not contradict the European Central Bank's efforts to curb surging infltion8, the chairman of euro zone finance ministers Kyriakos Pierrakakis said.

"We certainly all understand that we shouldn't contradict monetary policy. Fiscal policy, and monetary policy should go hand in hand," Pierrakakis told a news conference. (Reporting by Jan Strupczewski)

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Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

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